Accounts from the adjusted trial balance at September 30, 2021, are listed in alphabetical order below for Vaughn Corp.: Accounts payable $4,460 Income tax expense $620 Accounts receivable 9,190 Income tax payable 200 Accumulated depreciation-equipment 690 Interest expense 90 Bank loan payable 7,800 Interest payable 90 Cash 3,250 Rent expense 1,500 Common shares 7,000 Retained earnings 2,920 Deferred revenue 530 Salaries expense 13,330 Depreciation expense 690 Salaries payable 870 Dividends declared 700 Supplies 1,380 Equipment 15,040 Supplies expense 485 Fees earned 22,485 Utilities expense 770 (a)
Accounts from the adjusted trial balance at September 30, 2021, are listed in alphabetical order below for Vaughn Corp.: Accounts payable $4,460 Income tax expense $620 Accounts receivable 9,190 Income tax payable 200 Accumulated depreciation-equipment 690 Interest expense 90 Bank loan payable 7,800 Interest payable 90 Cash 3,250 Rent expense 1,500 Common shares 7,000 Retained earnings 2,920 Deferred revenue 530 Salaries expense 13,330 Depreciation expense 690 Salaries payable 870 Dividends declared 700 Supplies 1,380 Equipment 15,040 Supplies expense 485 Fees earned 22,485 Utilities expense 770 (a)
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Transcribed Image Text:Question 3 of 3
-/8
View Policies
Current Attempt in Progress
Accounts from the adjusted trial balance at September 30, 2021, are listed in alphabetical order below for Vaughn Corp.:
Accounts payable
$4,460
Income tax expense
$620
Accounts receivable
9,190
Income tax payable
200
Accumulated depreciation-equipment
Interest expense
690
90
Bank loan payable
7,800
Interest payable
90
Cash
3,250
Rent expense
1,500
Common shares
7,000
Retained earnings
2,920
Deferred revenue
530
Salaries expense
13,330
Depreciation expense
690
Salaries payable
870
Dividends declared
700
Supplies
1,380
Equipment
15,040
Supplies expense
485
Fees earned
22,485
Utilities expense
770
(a)
II
Transcribed Image Text:Question 3 of 3
-/8 E
Prepare an adjusted trial balance.
VAUGHN CORP.
Adjusted Trial Balance
September 30, 2021
Debit
Credit
24
%24
Expert Solution
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
This is a popular solution!
Trending now
This is a popular solution!
Step by step
Solved in 3 steps with 2 images
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.Recommended textbooks for you
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education